If we had thrown out all the confusing numbers and just look at the actual data on the chart, it was clear that the trend was improving in August. But Wall Street wanted more QE, and the headline numbers through August were just coincidentally playing to what the Street wanted. I wrongly thought that the Fed knew better and wouldn’t act. I gave them too much credit.

… the UK has been on a Cheesecake Diet all along. While ordinary people in the UK have been punished with month after month of sadistic, suicidal austerity; the Bank of England has been showering its bankers with new money, courtesy of more UK “QE”.

When the MSM implores you to sell your gold both when it’s down and when it’s up, you know something is rotten in Denmark. It’s of course better to have a notion of real “value” when considering buying and selling.

Note that the fearmongering of the Western media after Greece’s election is not only a losing strategy but a dishonest one. It’s attempt to portray this election as a “radical” ideological change is a complete betrayal of the facts.

“It has been asked of me by several worried readers if all this central bank gold-buying is being done to stock-up on gold – merely so that the bankers can again crush the market by dumping all the gold they are currently accumulating. Here individual gold-holders can put their minds at ease…”

Is the government “overspending”, or has it been consistently spending less in real terms (for basic support of the public) — while only preserving sorts of spending that prop up the oligarchs and banksters?